The Oriental Bank of Commerce
Department of Information Technology 4th Floor, Competent House,
F-14, Connaught Place, New Delhi – 110 001.
In consideration of Oriental Bank of Commerce (hereinafter called “the said Purchaser”) having its office at the aforesaid address, having agreed to purchase/engage ________________ from _____________________ having its office at ___________________ (hereinafter called “the said Supplier/Bidder/Contractor)” under the terms and conditions of an Agreement dated ______ (hereinafter called “the said Agreement”).
Towards the security for the due fulfillment of the terms and conditions contained in the said Agreement, it has been agreed by the said Supplier/Bidder/Contractor shall provide a bank Guarantee for Rs._______ (Rupees ________ only).
We ____________ (indicate the name of the bank) (hereinafter referred to as “the Bank”) at the request of _______________ (Supplier/Bidder/Contractor) do hereby undertake and guarantee to pay to the Purchaser an amount not exceeding Rs. ________ (either in lump sum or in parts) against any loss or damage caused to or suffered or would be caused to or suffered by the Purchaser by reason of any breach by the said Supplier/Bidder/Contractor(s) of any of the terms or conditions contained in the said Agreement. Unless repugnant to the context or meaning there of, expressions, Purchaser, Supplier/Bidder/Contractor, Bank shall mean and include their heirs, representatives, successors, executors, administrators, assigns, etc., as may be applicable,
1. The Bank does hereby undertakes to pay the amount(s) due and payable under the guarantee without any demur, merely on a demand from the Purchaser stating that the amount(s) claimed is/are due by way of loss or damage caused to or would be caused to or suffered by the Purchaser by reason of breach by the said Supplier/Bidder/Contractor(s) of any of the terms or conditions contained in the said Agreement or by reason of the Supplier/Bidder/Contractor(s) failure to perform its obligations under the said Agreement. Any such demand made by the Purchaser on the Bank shall be conclusive as regards the amount(s) due and payable by the Bank under this guarantee, whether made in one go or in parts. However, Bank’s liability under this guarantee shall in totality be restricted to an amount not exceeding Rs._________, whether or not invoked or if invoked, in part or otherwise.
2. The Bank undertakes to pay the Purchaser any money so demanded notwithstanding any dispute or disputes raised by the Supplier/Bidder/Contractor(s) or any suit or proceedings pending before any Court or Tribunal relating thereto. Thereby meaning that Bank’s liability under the present guarantee shall be absolute and unequivocal in any circumstances what so ever, if called upon to pay by the Purchaser. However our liability shall not exceed in Rs.___________ (in words) 3. The Bank further agrees that the guarantee herein contained shall remain in full force and effect during the period that would be taken for the performance of the said Agreement and that it shall continue to be enforceable till all the dues and or advances made by the Purchaser under or by virtue of the said Agreement have been fully paid
and its claims satisfied or discharged or till _________, the Purchaser certifies in writing that the terms and conditions of the said Agreement have been fully and
properly carried out by the said Supplier/Bidder/Contractor(s) and accordingly the Purchaser discharges this guarantee, either in writing or by returning the Original Guarantee Bond or till its expiry whichever is earlier to the Bank.
4. The Bank before the release of the Bank Guarantee Bond in original by the purchaser and before the expiry of this guarantee, as per clause 3 of this Guarantee Bond, may renew this guarantee for the same period as was initially requested upon for this guarantee or for any shorter period, at the option of the purchaser, under intimation to the Bidder.
5. The Bank further agrees with the Purchaser that the Purchaser shall have the fullest liberty without Bank’s or Supplier/Bidder/Contractor(s) consent and without affecting in any manner Bank’s obligations hereunder to vary any of the terms and conditions of the said Agreement or to extend time of performance by the said Supplier/Bidder/Contractor(s) from time to time or to postpone for any time or from time to time any of the powers exercisable by the Purchaser against the said Supplier/Bidder/Contractor(s) and to forbear or enforce any of the terms and conditions relating to the said agreement and the Bank shall not be relieved from it’s liability by reason of any such variation, or extension being granted to the said Supplier/Bidder/Contractor(s) or for any forbearance, act or omission on the part of the Purchaser or any indulgence by the Purchaser to the said Supplier/Bidder/Contractor(s) or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving the Bank, in any manner what so ever.
6. This guarantee will not be discharged during its currency due to the change in the constitution of either the Bank or the Purchaser or the Supplier/Bidder/Contractor(s), in any manner what so ever.
7. The Bank lastly undertakes not to revoke this guarantee during its currency or extensions there of, except with the previous consent of the Purchaser, in writing or otherwise than as is provided in this Guarantee.
8. The Bank also agrees that the Purchaser at its option shall be entitled to enforce this Guarantee against the Bank as its principal debtor in first instance without proceeding against the said Supplier/Bidder/Contractor(s), and notwithstanding any security or other guarantees that the Purchaser may have in relation to or in relation to the Supplier/Bidder/Contractor(s) liabilities from time to time, as this guarantee constitutes a separate, distinct and independent contract between the Bank and the Purchaser.
9. Any officer of the Purchaser of the rank of Senior Manager or above, duly authorized in this regard, shall be competent to issue demand/notice or to issue any appropriate instructions, as the circumstances may warrant, to the Bank under this Guarantee, which the Bank shall have to comply immediately and forthwith, without raising any dispute or question/s in regard there to, in any manner what so ever. Notwithstanding any thing contained here in above:
a) The liability of the Bank under the guarantee shall not exceed Rs.__________ (in words).
b) This Bank Guarantee shall be valid till either till _____X____ or till the issue of a fresh Bank Guarantee to the Purchaser with a extended period in lieu thereof or till the Purchaser certifies in writing that the terms and conditions of the said Agreement have been fully and properly carried out by the said Supplier/Bidder/Contractor(s) and accordingly the Purchaser discharges this guarantee, in writing and by returning the Original Guarantee Bond to the Bank.
c) The bank before the release of the Guarantee Bond in Original by the purchaser and before the expiry of this guarantee may at its option renew this guarantee for the
same period as was initially agreed upon for this guarantee or any shorter period, at the option of the purchaser, under intimation to the Bidder.
d) The Bank is liable to consider any notice for invocation of Bank Guarantee as a default by the Supplier/Bidder/Contractor(s) and shall be under an obligation to pay to the Purchaser the entire amount of Guarantee or any part there of under this Bank Guarantee only and only if the Purchaser serves upon the Bank a written claim or demand before the expiry of either the Bank Guarantee or any extended period/s under this Bank Guarantee, as the case may be.
Notwithstanding anything contained herein our liability under this Bank guarantee shall not exceed Rupees .../- (Rupees ... Only) This Bank guarantee shall be valid up to ... and we are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only and only if you serve upon us a written claim or demand on or before ...
This guarantee will be returned to us as soon as the purpose for which it is issued is fulfilled.
Dated the ________ day of _________.
Signature
Name
Designation with Bank stamp
Contact list of Regional Offices Annexure-VIII
Sr. No. Regional Office Address EDP Officer 01 AGRA 85/4, 2nd Floor, Ispat
Bhawan, Sanjay Place, Agra-282002
Sh Rajender Singh
02 AHMEDABAD P.O. Box No.4142,
Chanakya, 4th Floor, Near Dinesh Hall, Ashram Road, Ahmedabad- 380009
Sh Sunil Singh
03 AMRITSAR SCO NO. 10, District Shopping Complex, Ranjit Avenue, Amritsar- 143001
Mrs Rajni
04 BANGALORE The Landmark, 1st Floor, No 21/15, Mahatma Gandhi Road, Bangalore- 560001
Sh Arul Chiristy
05 BAREILLY C-18/B,1st Floor, Deen Dayal Puram, Bareilly- 243122
Sh Uttam Kumar
06 BATHINDA F-77, 1st Floor, Civil Lines, Mansa Road, Bathinda-151001
Sh Mohit
07 BHOPAL Pragati Bhawan, Indira
Press Complex,
Maharana Pratap Nagar, Zone-1, Bhopal-462011
Sh Parkhi
08 BHUBANESHWAR Alok Bharti Tower, Sahid Nagar, Bhubaneshware- 751007
Sh Sahoo
09 CHANDIGARH 1st Floor, Hotel Shivalik View, Sector-17E, Chandigarh-160017
Sh Sharma
10 CHENNAI 2nd Floor, 769, Spencer Plaza, Anna Salai, Chennai-600002
Sh Anwar
11 DEHRADUN Radha Palace, 1st Floor, 78 Rajpur Road, Dehradun-248001
Sh Mahipal Pandey
12 DELHI 2nd & 3rd Floor, 8/1 Abdul Aziz Road, W.E.A. Karol Bagh, New Delhi-110005
Sh Satyabir Singh
13 DURGAPUR Galeria Market, 2nd Floor, Nachan Road, Benachity, Durgapur-713213
Sh Saptrishi
Kavi Nagar, Ghaziabad- 201002
15 GURGAON Plot No.5, Sector-32, Institutional Area, Gurgaon-122001
Sh Ashwan Kumar
16 HYDERABAD 2nd Floor, Maharishi Building,8-2-248/A, Road No.3 Banjara Hills, Hyderabad-500034
Sh Mohan
17 JAIPUR 2nd Floor, Anand Bhawan, Sansar Chandra Road, Jaipur-302001 Sh Babby Bose Sh Manish Kumar 18 JALANDHAR 922, G.T. Road, Jalandhar-144001 Sh Vivek Jain
19 KARNAL SCO-23/24, SECTOR-12,
Urban Estate, Karnal- 132001
Sh Subendhu
20 KOLKATA DD II, Sector-1, Salt Lake, Kolkata-700064
Sh Gowda
21 LUCKNOW C-43/28/1, Nawal Kishore Road, Hazarat Ganj, Lucknow-226001
Sh Anil Singh
22 LUDHIANA B-XV-136, Jandu Tower, Millerganj, G.T.Road, Ludhiana-141003
Sh Rahul
23 MUMBAI-NORTH Aman Chambers,1st Floor, Veer Savarkar Marg, Opp. New Passport Office, Prabha Devi- 400025
Sh Hari
24 MUMBAI-SOUTH Maker Towers, F-14th Floor, Cuffe Parade, Mumbai-400005
Sh Sumedh
25 NEW DELHI 4/65, Padam Singh Road, W.E.A Karol Bagh, New Delhi -110005
Sh Devender Kumar
26 PATIALA 146, 1st Floor,
Improvement Trust Complex, Chhoti Baradari, The Mall, Patiala-147001
Sh Mukesh Kumar
27 PUNE OBC Tower, 3rd Floor, 917-20/20A, Fergusson College Road, Pune- 411004
Sh Vikash
28 ROHTAK 97, Sonepat Road,
Rohtak-124001
Sh Sarabjit Fauzdar
29 SRIGANGANAGAR 1st Floor, 173-174, G- Block, Sukhadia Circle, Sriganaganagar-335001
30 PATNA Boring Road Patna Sh Shyan Kumar
1 DATA CENTER Mumbai Sh Shyam Tandon
2 HEAD OFFICE 1st Floor, Harsha
Bhawan, E-Block Connaught Place, New Delhi-110001
Sh Amar Singh Verma